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    Property profile & analytics
    OFF-MARKET Estimated value $565,000
    Warehouses

    820 Pennsylvania Ave, Mason City, IA 50401-5828

    14,268 SF 1.11 ac lot Built 1976
    Individually Owned 1-yr Hold Free & Clear
    Property ID
    US25-0560184
    Property summary
    AI-generated overview

    This exceptional 14,268-square-foot industrial warehouse, located at 820 S Pennsylvania Ave in Mason City, Iowa (zip code 50401), presents a compelling owner-user opportunity. The property boasts a spacious 12,000-square-foot warehouse area complemented by a 2,268-square-foot office space. The warehouse features two 16' x 16' drive-through doors, one on the east and one on the west side, allowing for efficient truck traffic flow. Two additional dock doors further enhance loading and unloading capabilities. The well-maintained warehouse is equipped with a heating system and a sprinkler system, ensuring both comfort and safety. The office area is in good condition and includes three bathrooms, a conference room, a reception area, and multiple private offices, providing ample space for administrative functions. This versatile property is ideally suited for businesses seeking a combination of warehouse and office space in a convenient location within Cerro Gordo County. The asking price for this turnkey operation is $749,900. This is a rare opportunity to acquire a functional and well-equipped industrial property in a desirable location.

    Property profile
    Verified
    Property type Warehouses
    Use group WAREHOUSE, STORAGE
    Year built 1976
    Total area 14,268 SF
    Lot 1.11 ac (48,482 SF)
    APN 71035600900
    UPID US25-0560184
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Current use
    Occupant on record · Public records
    • River City Communications Inc Telecommunications Service General Contractor
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    $360k
    CAP Approach CAP
    by Request
    Comparable Approach Comparable
    $632k
    Blend (final) Blend
    $565k
    Owner & transaction history
    Jerry E Bernhard · 1 yrs held
    Jerry E Bernhard
    since 2024
    2 recorded transactions
    2024
    2022
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
    Top alternative use upside
    Retail stores $930,000 +12.0%
    Office building $915,000 +10.5%
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